How can a bitcoiner not recognizing the importance of monero? 😅🤷♂️
#bitcoin #monero #xmr
Discussion
#monero not can #xmr a monero? importance of 😅🤷♂️
#bitcoin bitcoiner How recognizing the
Because Monero actually cares about usage, instead of number go up.
I have not yet seen any place to accept it, though.
Here is a business directory: https://monerica.com/
And here is the equivalent of eBay, which also lists businesses.l: https://xmrbazaar.com/
Number go up IS usage. SMH.
Just keep going nostr:note1vhuanwlpwwekp2lm0ek8gmqj83u72rhu9399tp38v64ljkqvr7jqzm6tvg
Because #monero claims to solve the "very important problem" of a lack of privacy against the authorities, when it actually solves nothing that Bitcoin can't given enough time. Further, Monero introduces more concerning problems like undetectable inflation bugs and forever debasement which effectively ensures any savings held in Monero will never go up in value over time in real terms. Effectively Monero keeps you poor and in fear.
Moneros tail emissions forever expand the supply (debasement) with a never changing value against time through it's mining networks forever set rate of network subsidy.
The #Bitcoin #halving mechanism on the other hand declares the cost of Bitcoin units to double relative to the time required to create them every 4 years. Since this effectively doubles the marginal cost of production in time, and since time is the ultimate scarce asset and the price and value of everything follows it's marginal cost (whether it rises or lowers), this effectively doubles the value of all Bitcoin every 4 years at a minimum.
#ThePriceofTomorrow is forever lower as measured in Bitcoin.
The fact that Bitcoin is programmatically guaranteed to double it's cost/value relative to time at a minimum every 4 years, gives an incentive to everyone who understands to try to acquire as much as possible in the present when it is easier to acquire then it will be in the future.
As for privacy, the lack of base chain privacy on Bitcoin is really of no concern for the majority of people over the long run. At first the connection to the legacy system does indeed pose privacy issues, especially when the authorities have more power than us as is the case now, but only until number go up gives the plebs more relative power tomorrow as will surely happen.
Even with the knowledge of who owns Bitcoin, governments also cannot afford the cost of forcibly extracting Bitcoin value from enough of the self custody population to make such a move even viable given the very high level of resistance and friction they would face.
Layer 2 solutions provide enough privacy for small transactions until the legacy system of surveillance collapses, while smaller balance utxos on the base later wouldn't even draw enough attention to worry about them being public knowledge. The lack of privacy means the biggest balances have the attention of the most eyes globally, as they should so the world can see how such high levels of wealth are used.
When you understand that the government is only as powerful as you let them be, by fearing them enough to give up value growth in Bitcoin over time for the sake of privacy, then maybe you'll understand that publicly owning Bitcoin encourages others to do the same and increases resistance against tyranny. Public resistance empowers others to resist and increases the likelihood of social change.
Monero is never going to succeed against Bitcoin. Bitcoin's network effects and halving effects will drive adoption so high so quickly that within the next decade the network will completely absorb nearly all stored value and plunge the world into total abundance on top of #TheBitcoinStandard such that we have never seen before in history.
You'll understand eventually, just keep learning, reading, listening, and thinking.
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